- The Academy views its role in the government relations arena as providing information and actuarial analysis to public policy decision makers so that policy decisions can be made with informed judgment.
- For example, the determination of required contribution levels to plans to provide benefits and the setting of appropriate reserve levels to meet future obligations are actuarial in nature.
1984 - Journal - American Academy of Actuaries
New Money (Investment Generation Method) vs Portfolio
Present Value of Future Benefits, Commutation Functions, Reserves, Smoothing, Cost of Insurance Rate, Mortality Rate, GRET, CSO, Expenses, Premium,
If there is a better way, let it be sought and may it be found -- and let it be to the credit of our industry that we are the ones to find it and to
provide it for the consumer.
-- WILFRED A. KRAEGEL
1979 - ORDINARY---NEW PRODUCTS, Society of Actuaries
- Actuaries can do lots of things.
- We can provide the field with a clear description of the policy and how it works.
-- BRUCE E. BOOKER (a member of the American Council of Life Insurance (ACLI) Task Force on Cost Disclosure and the National Association of Insurance Commissioners (NAIC) Advisory Group on Illustrations
1993 - SALES ILLUSTRATIONS - WE CAN'T LIVE WITH THEM, BUT WE CAN'T LIVE WITHOUT THEM!, Society of Actuaries